- In June 2020, Hyster-Yale Materials Handling, Inc., had acquired Zhejiang Maximal Forklift Co., Ltd. Hyster had acquired 75 percent of the outstanding shares. This acquisition has helped the company to strengthen its product portfolio in material handling equipment.
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Lifts, Pallet Trucks, Forklifts, Hoists, Stackers, Robotic Arms), Mechanism (Electrical, Magnetic, Hydraulic, Pneumatic, Scissor Lifts), Application (Construction, Shipping Dockyards and Warehouses, Manufacturing Industry, Process Industry) – Industry Trends and Forecast to 2032.
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The Global Industrial Lifting Equipment Market size was valued at USD 85.21 USD Billion in 2024.
The Global Industrial Lifting Equipment Market is projected to grow at a CAGR of 4.8% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)..
